Guideline Value for Krishna Garden

Krishna Garden guideline value

The current guideline value of Krishna Garden is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Krishna Garden has changed

The guideline value for Krishna Garden has seen several revisions over the years. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017, before rising to Rs 700 per sq.ft again in both the 2023 and 2024 revisions, showing no change from 2023 to 2024.

From 2017 to 2023, there was a 49% increase in the guideline value. The jump from 2007 to 2012 was a notable 367%, while the overall change from 2007 to 2024 also reflects a 367% increase.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, making Krishna Garden's 2024 figure equal to this median.

• Krishna Nagar Extn - I: Rs 700 per sq.ft (2024)
• Kuberan Nagar: Rs 500 per sq.ft (2024)
• Kanchipuram High Road: Rs 1,100 per sq.ft (2024)
• Mahalakshmi nagar: Rs 1,100 per sq.ft (2024)
• Kamaraj Nagar: Rs 500 per sq.ft (2024)
• M.N. Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Krishna Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty, charged at 7%, would amount to Rs 49,000, while the registration fee at 2% would be Rs 14,000. Together, these fees would total Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishna Garden?

The Krishna Garden area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor in the registration process of property transactions in Athur B Block. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller need to be aware of the guideline value as it directly impacts the financial aspects of the transaction. It is essential to consult the latest revisions to ensure compliance with current regulations.

Frequently asked questions

What is the current guideline value of Krishna Garden?

The current guideline value of Krishna Garden is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in both 2023 and 2024.

What is the land classification of Krishna Garden?

Krishna Garden is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Krishna Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000.